DALLAS and CAESAREA, Israel, Oct. 22, 2012 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) (Nasdaq:ZNWAW) (Nasdaq:ZNWAZ) today announced that it has reduced the exercise price to $1.75 of both series of its outstanding publicly traded warrants quoted under the symbols " ZNWAW" and " ZNWAZ" until 5:00 p.m. eastern time on December 31, 2012, their scheduled expiration date (the "Expiration Time"). Any and all warrants properly exercised in accordance with their respective terms prior to the Expiration Time will be accepted by Zion at the reduced exercise price and one share of registered common stock per warrant will be issued to the exercising warrant holder. The original exercise price for the ZNWAW Warrants was $7.00 and for the ZNWAZ Warrants was $4.00.
Zion Oil Reduces The Exercise Price Of Outstanding Warrants
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